Oct 2019
Oct 2019

Maples Teesdale advises Patrizia on the sale of Abingdon Business Park for £61m

By Paul Burke

Maples Teesdale have advised Patrizia AG on the off-market sale of Abingdon Business Park in Oxfordshire, on behalf of its UK Value 2 fund, to Royal London Mutual Insurance Society for £61m.

Duncan White, director of UK fund management at Patrizia, said “This off-market sale is ahead of our business plan for Abingdon Business Park and crystallises extremely strong and market-leading returns for our investors, as well as being highly accretive to the overall performance of the fund.”

The Maples Teesdale team was led by Paul Burke (Corporate Partner) and Eleanor Crawford-Drake (Corporate Associate). They were assisted by Roger Thornton (Partner), Adam Bernstein (Senior Associate) in the real estate team, Mary Romanov (Construction Associate), Chen Ikeogu (Real Estate Finance Partner) and trainee Georgia Carnegie.